Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

China’s automobile exports slow in January to 119,000 units, down by 17.6pc from December, while up by 73.1pc from a year ago, according to China Association of Automobile Manufacturers’ (CAAM) data.


The entire vehicle export data from CAAM export of auto manufacturers decreased from the prior month but continued to grow from a year ago. The ongoing short supply of semiconductors for automotives is expected to hurt Chinese carmakers going forward, stated CAAM.  


In January, passenger vehicle exports declined to 91,000 units, down by 21.5pc from December and up by 76.9pc from a year ago. China’s commercial vehicle (CV) exports fell by 1.7pc from December to 28,000 units, up by 61.7pc from a year ago.


Among the sub-categories of passenger vehicles, exports basic cars or sedans fell in January even on a year over year basis, while the other categories including multi-utility cars (MUV) and SUV grew from the prior year. 


Leave a Reply

Your email address will not be published.